Post
Topic
Board Bitcoin Discussion
Re: Notes on Bitcoin ETFs for the community
by
aso118
on 11/08/2018, 11:52:07 UTC
What if they will not approve cryptocurrency? What will happen next to bitcoin and other crypto? Will it continue the operation even if the government sectors does not want this thing to approve? How can we  push through on this one. I know that it is not time yet to speculate things but we need some clear ways or plan to pursue if things will not go as plan.

Mate, it will get approved. Matter of time. SEC has already announced that Bitcoin and Ethereum are not securities... Don't worry man.

By the way, the What's on crypto team and their channel are awesome. Very need thing for a crypto gentleman https://t.me/whatsoncrypto

The ETF approval is going to be a subtle way of centralization which in itself is against the tenets of the blockchain revolution.

It really doesn't matter. ETFs will act as custodians for millions of smaller investors. Centralization of wealth (and bitcoin holdings) is inevitable. Over a period of time, there will be rich people who holds lots of bitcoins. This doesn't cause problems similar to the centralization of hashing power.